The firm seeks to slim down its operations to prepare for tough new U.S. regulations.
Too pricey even for Goldman Sachs ?
'I’ve initiated an investigation into every employee who’s violated our rules'.
Lifestyle, prospects and culture.
Bond manager Pimco lost one familiar face this year, Mohamed El-Erian, but is seeing another return-Paul McCulley.
The Obama administration is siding with big banks in a dispute over their alleged role in the Bernard Madoff Ponzi scheme.
UBS has named Matthew Hanning as the head of its Asia-Pacific investment-banking unit, replacing Matthew Grounds, who will focus on the bank’s Australian operation.
Three former Barclays traders appeared in a London court on Tuesday as Britain formally began its first criminal proceedings against U.S.-based Libor traders, part of a global investigation into alleged rigging of benchmark interest rates.
Credit Suisse said it remains committed to commodities and sees 'strategic opportunities' as banks including Barclays and Deutsche Bank retreat from the field.
A lawsuit filed on Friday alleges that Goldman Sachs, JPMorgan, the London Metal Exchange and metal warehouse operators have conspired since 2010 to manipulate the price of zinc in the United States.
CIMB Group Holdings Bhd has cut 32 jobs in its Hong Kong investment banking and equities business on worsening capital market conditions, Malaysia's second-biggest bank by assets said on Monday.
Royal Bank of Scotland could reach a settlement within weeks on claims it misled investors in selling U.S. mortgage-backed securities, passing another milestone in its recovery from the financial crisis, analysts said on Friday.
HSBC will start building a new Middle East headquarters near the world’s tallest tower in Dubai as the lender aims to combine staff from three other locations in the city.